Millions of student loan borrowers could see their debt grow as interest-free break ends
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最新报道：The Biden administration announced an extension of the student loan interest-free forbearance period through December 31, 2025, providing relief for millions of borrowers. This marks the sixth extension since payments were initially paused in March 2020 due to the pandemic. The Department of Education stated the move aims to give borrowers additional time to transition back to repayment as economic recovery continues. Officials also confirmed plans to implement a new income-driven repayment program starting January 2026, which will cap monthly payments at 5% of discretionary income for undergraduate loans. Meanwhile, the Supreme Court is still reviewing legal challenges to Biden's broader student debt cancellation plan.
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